Tesla’s profits slide despite growing revenue as it pivots to robotics and AI
Shares in Elon Musk company fall more 3% in after-hours trading, as earnings per share miss Wall Street expectations
Tesla reported its second-quarter earnings on Wednesday, disclosing far lower profits than expected. The company’s already beleaguered stock, which had fallen about 14% this year to date, dipped further following the earnings report.
Elon Musk’s automaker, once the pinnacle of his tech empire, has taken a back seat to SpaceX. Musk’s rocket and AI company held the largest stock market debut in history last month, turning the richest man on Earth into the world’s first trillionaire, though his net worth has since fallen from its peak.
Continue reading...House Republicans to write $95bn bill to fund Iran war and aid farmers
GOP-controlled chamber paves way for reconciliation bill, while making long-shot attempt at new voting restrictions
House Republicans on Wednesday agreed to begin the process of writing a $95bn bill to fund the war with Iran as well as provide new aid to farmers, while making a long-shot attempt to impose new restrictions on voting nationwide.
In a virtually party-line 216-214, the Republican-controlled chamber passed a budget resolution that paves the way for the creation of a reconciliation bill, which can advance through the Senate under special rules that circumvent the Democratic filibuster and requires only a simple majority to pass. Two Republicans – Warren Davidson of Ohio and Thomas Massie of Kentucky, as well as Kevin Kiley, an independent of California who aligns with the GOP – joined all Democrats in opposing the measure.
Continue reading...Watch: What we know about the US-Saudi nuclear deal
Trump threatens to target Iran’s bridges and power plants if Hormuz attacks persist
Scottish Labour’s rivals decry ‘chancer’ Anas Sarwar for resigning to join Andy Burnham’s government
New prime minister has made Sarwar – the first senior Labour figure to call for Keir Starmer’s resignation – a peer
Scottish Labour’s rivals in Holyrood have slammed Anas Sarwar’s shock decision to resign as leader to sit in Andy Burnham’s new government, calling him a “chancer” and accusing him of lying to voters.
The prime minister has made Sarwar – who was the first senior Labour figure to call for Keir Starmer to resign – a peer and given him a ministerial post at the Department for Business, Innovation, Science and Trade, No 10 announced on Wednesday.
Continue reading...Indian police cracked down on ‘cockroach’ protesters. They went home and made memes about it
A year after deadly jet crash at Bangladesh school, families demand answers
Blocked by censors, China’s animal lovers take fight against abuse offline and overseas
Fire kills 10 members of same family in Peru, police say
Fire kills 10 members of same family in Peru, police say
Modeling agent who introduced women to Jeffrey Epstein found dead in France – The Washington Post
- Modeling agent who introduced women to Jeffrey Epstein found dead in France The Washington Post
- Daniel Siad, Model Scout Who Connected Women to Epstein, Is Found Dead in France The New York Times
- Model scout investigated for Epstein trafficking ties found dead in France ABC News - Breaking News, Latest News and Videos
- French modeling scout linked to Jeffrey Epstein found dead in Paris apartment Fox News
- Model scout for Jeffrey Epstein found dead at his home near Paris The Guardian
Trump’s war on Iran is unpopular and expensive. He’s perfectly OK with that – The Guardian
- Trump’s war on Iran is unpopular and expensive. He’s perfectly OK with that The Guardian
- Senate GOP expresses concern over Iran endgame after Hegseth hearing The Hill
- Republicans in Congress continue to back Iran war despite the political risk AP News
- Trump says midterms won’t impact his Iran war plan Politico
- Transcript: Trump Iran Tirade Goes Nuclear as GOP Midterm Panic Grows The New Republic
Trump administration weighing military options in Mali, officials say – The Washington Post
- Trump administration weighing military options in Mali, officials say The Washington Post
- Trump mulling military strikes on Mali militant group: Report The Hill
- Trump Prepares to Attack Eighth Country of His Second Term The New Republic
- Trump Thirsts Over His Eighth War in Unlikely Country The Daily Beast
- Trump admin reportedly weighing military action in Mali NewsNation
Live updates: Trump vows to hit Iranian bridge or power plant each time Tehran strikes ships in Strait of Hormuz – CNN
- Live updates: Trump vows to hit Iranian bridge or power plant each time Tehran strikes ships in Strait of Hormuz CNN
- Iran War Live Updates: Trump Threatens to Hit Bridges and Power Plants if Iran Strikes in Strait The New York Times
- U.S. will destroy Iranian bridges for each attack in Strait of Hormuz, Trump says MS NOW
- Tehran responds after Trump warns US will strike bridges, power plants over Hormuz attacks Fox News
- Iran War Updates: Trump threatens to bomb a bridge or power plant for every ship attacked in Strait of Hormuz CBS News
Rubio says any nuclear agreement the US signs will not lead to nuclear proliferation – AP News
- Rubio says any nuclear agreement the US signs will not lead to nuclear proliferation AP News
- Exclusive | Trump Approves Landmark Nuclear Deal With Saudi Arabia in Big Win for Kingdom WSJ
- Standoff with Iran prompts a nuclear deal with Saudi Arabia Los Angeles Times
- Trump Administration to Announce Deal That Could Let Saudis Enrich Nuclear Fuel The New York Times
- What we know about the nuclear deal between the US and Saudi Arabia NPR
Zelenskyy under growing pressure to reinstate sacked defence minister – The Guardian
- Zelenskyy under growing pressure to reinstate sacked defence minister The Guardian
- Why a week of protests pushed Zelensky to bring in a younger military chief CNN
- Ukraine’s new military chief pledges to escalate retaliation against Russia Al Jazeera
- Firing of Ukraine’s Top General Signals the End of an Era The New York Times
- Ukraine’s Zelenskyy fires his commander in chief after protests and major rift NBC News
Dubai Cuts Deal For New Port to Bypass Strait of Hormuz – The New York Times
- Dubai Cuts Deal For New Port to Bypass Strait of Hormuz The New York Times
- DP World to build two new terminals on UAE's eastern coast, reducing Hormuz reliance Reuters
- DP World to Build Two UAE Container Terminals Outside of Hormuz Bloomberg.com
- Fujairah, DP World sign deal for two new ports under 50-year concession Emirates 24|7
- DP World signs 50-year deal for new Fujairah terminals Port Technology
Paramount’s £80bn takeover of Warner Brothers a step closer after EU approval
European Commission says Paramount Skydance’s decision to end Universal venture addresses merger concerns
Paramount Skydance’s £80bn takeover of Warner Brothers took a step closer to being realised after it won conditional approval from the European Union.
The European Commission said Paramount’s offer to end a film distribution joint venture with Universal Pictures addressed its concerns over the potential merger. As part of its commitments in the EU, Paramount has 13 months from the date of closing the deal to pull out from the venture.
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